Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR‘s full-year P&L data release.
U.S. hotel profitability lower in May
U.S. hotel GOPPAR fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month.
Recent expense rise presents threat to hotel profit
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
U.S. hotel profitability dipped in August
With the end of the summer travel surge, estimated gross operating profit for U.S. hotels came in lower than the previous month..
U.S. hotel profit reached 84% of 2019 level, labor rises slightly
Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, labor costs also rose from the previous month and in comparison with 2019.
eLearning key to maximise hotel profit during post-covid recovery
Maximising hotel profit during this post-Covid recovery requires a focus on the three core areas: customer satisfaction, increasing revenue and controlling costs. Key to achieving these objectives is strong leadership supported by a motivated, highly-skilled team – all of which can be bolstered through online continuous professional development.
How will hotels turn profitable again?
Hotels must utilise their human capital with far greater efficiency levels. Questions have to be asked, rules have to be rewritten and mindsets have to change. WIll we be thanking this crisis for bringing about the much-needed renaissance to the modus-operandi of the lodging industry?
How to create hotels that are profitable
A myriad of factors impacts the profit-generating ability of hotels, not the least of which is the market’s inherent potential.
